Duplex with Fenced
For Sale
$559,999
6141 Southwest 41st Court, Davie, FL 33314
Two separately configured units share laundry access, tile flooring, and parking immediately in front of the building.
Property Size1,743 SF
Price / SF$321.28
Days on Market260
Property Features for 6141 Southwest 41st Court
General Information
Standard status
Active
Size
1,743 SF
Property subtype
Multi-Family Income / Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,894
Amenities
central utility room with washer and dryer
fenced yards
Building Details
Year Built
1959
Listing Agency:
(954) 707-7575
Listed By:
Michael Zeoli · License #3054427
(954) 707-7575
Source:
Compass
Added: Dec 14, 2025
Changed: Aug 30
Last Checked: Aug 31 at 12:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Zeoli
Investment Insights
Based on property information with market context.
This duplex contains two residences with distinct layouts: a 1-bedroom, 1-bathroom west unit and a 2-bedroom, 1-bathroom east unit. The property includes 1,743 square feet, tile flooring throughout, and a central utility room equipped with a washer and dryer. Each unit has its own fully fenced yard, with parking positioned directly in front of both residences.
Built in 1959, the property is located in Davie near universities, colleges, high schools, and trade and technical schools. Major employment corridors, entertainment, shopping, and dining are also nearby. The two-unit configuration supports separate residential occupancy and offers a practical format for rental or owner-occupant use.
Built in 1959, the property is located in Davie near universities, colleges, high schools, and trade and technical schools. Major employment corridors, entertainment, shopping, and dining are also nearby. The two-unit configuration supports separate residential occupancy and offers a practical format for rental or owner-occupant use.
Key Highlights
- Two‑unit duplex with 1,743 square feet
- West unit has 1 bedroom and 1 bathroom
- East unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,185
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,700
$383.7K
Cap Rate 7%
$274,071
$274.1K
Cap Rate 9%
$213,167
$213.2K
Market Conditions
NOI Build-Up for 1,743 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.2K $16.20/SF
− Vacancy
−$830 −$0.48/SF
EGI
$27.4K $15.72/SF
− OpEx
−$8.2K −$4.72/SF
NOI
$19.2K $11.01/SF
Area
Davie, FL
Vacancy
2.94%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,700
Cap Rate 7%
$274,071
Cap Rate 9%
$213,167
Alternative Uses
Best Use
Multifamily LT 5
$274.1K
$239.8K – $319.8K
NOI $19,185 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$253.2K
$221.6K – $295.4K
NOI $17,724 @ 7.0% cap · market cap 3.17%
Theoretical Best
Warehouse
$330.5K
$289.2K – $385.5K
NOI $23,132 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 33314, FL
30,248
Population
12,041
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
3,437
Density / Sq Mi
$63,791
Median Household Income
$36,733
Median Earnings
$2,034
Median Rent
$347,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units share laundry access, tile flooring, and parking immediately in front of the building.
Where is this duplex located?
The property is located at 6141 Southwest 41st Court Davie, FL.
What is the asking price?
The asking price for this property is $559,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,743 square feet; West unit has 1 bedroom and 1 bathroom; East unit has 2 bedrooms and 1 bathroom
